Philadelphia Homestead Exemption

If you own property in Philadelphia and it is your primary residence, you are eligible for the Homestead Exemption on your Real Estate Tax.

Most homeowners will typically save about $550 a year on their Real Estate Tax bill. It works by reducing the taxable portion of your property assessment.

In effect for 2019 Real Estate Tax bills, the assessed value of the property is reduced by $40,000 when you apply the Homestead Exemption to your Real Estate Tax bill.


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